Recent Slowdown In Textile And Clothing Exports

Customs statistics show that in September, China's textile and clothing trade increased by US $25 billion 23 million, an increase of 14.8%, of which exports were US $22 billion 980 million, an increase of 14.8% over the same period last year, a decrease of 9.7% over the same period. Imports of US $2 billion 40 million, an increase of 14.4% over the same period last year. For the first time in September, export growth fell below 20% for the first time, and the growth rate slowed down significantly compared with the previous stage. With the increase of uncertainties in China's textile and clothing exports, it is expected that export growth will continue to decline in the four quarter, and exports will show a "high before and after low" trend.

Export growth in major markets narrowed significantly

In the month of September, the growth rate of China's textile and clothing exports slowed down significantly compared with the previous period. Compared with the August growth rate, exports to the EU dropped by 20.2%, the US decreased by 8.7%, Japan dropped by 6.4%, and ASEAN decreased by 9%.

EU market: in September, China exported $4 billion 370 million to the European Union, an increase of 5.8% compared with the same period last year. Textile exports amounted to 890 million US dollars, an increase of 7.7%, and clothing exports of US $3 billion 480 million, an increase of 5.3%, of which the export volume of knitted and woven garments decreased by 13.1%, a decrease of 10 percentage points over that of August. The average unit price of exports rose by 17.6%, but the increase was also significantly lower than before.

The US market: in September, China exported US $3 billion 830 million to us textiles and clothing, an increase of 5.5% compared with the same period last year, a decrease of 8.6%. Among them, textile exports amounted to $840 million and clothing exports amounted to $2 billion 980 million, representing an increase of 9.2% and 4.5% respectively. The number of us yarn exports fell further, down 27.4% from the same period last year, a further 1.3 percentage point drop compared with August. The export volume and export unit price of knitted and woven garments were both lower than before. Export volume fell 11.8% in that month, and export unit price rose by 15.2% compared to the same period last year, down by 5.2%.

Japan's market: in September, China's exports to Japan continued to rebound, and exported 3 billion 80 million US dollars in that month to a new high in the year, an increase of 25% over the same period last year, an increase of 10% over the same period last year. Textile exports increased by 22.2% and clothing increased by 25.5%. The export volume of knitted and woven garments increased by 2.3%, and the export unit price rose by 22.9%.

ASEAN market: in September, China exported $1 billion 600 million to ASEAN, an increase of 37.9%, of which the yarn export volume increased by 12.1%. The average export price for that month was $3490 / ton, an increase of 13.8% over the same period last year. Fabric exports dropped by 0.4%, and export unit prices gradually dropped to the beginning of the year, rising by 15%.

General trade exports increase rapidly.

In the month of September, general trade exports increased by 14.6%, an increase of 14 percentage points, an increase of 7% in the month of processing trade, and a 6.1 percentage point decrease in the ring ratio. Small border trade is outstanding, exports achieved year-on-year growth and annulus growth. Exports in the month amounted to $1 billion 90 million, a new monthly high in the year, an increase of 13.8% over the previous month, an increase of 43% over the same period. From the point of view of imports, general trade entered a new high in the month, reaching 810 million US dollars, an increase of 37.9%. Processing trade imports $1 billion 90 million in the month, down 0.9%.

Garment export growth lagged behind textiles

In September, textile exports amounted to 7 billion 950 million US dollars, an increase of 16.6%, clothing exports of US $15 billion 30 million, an increase of 13.9%, and the export growth of garments was once again lagging behind textiles. Exports of yarn, fabrics and knitted and woven garments increased by 10.5%, 16.7% and 13.2% respectively, representing an increase of 4.8, 11.7 and 12.4 percentage points lower than in August. The export volume of yarn and knitted woven garments decreased compared with the same period last year, while the export unit price was still at a high level, but it dropped significantly compared with the previous stage, and the growth rate narrowed.

Yarn imports gradually picked up

In September, textile imports increased by 6%, of which yarn imports were driven by quantity and maintained an upward trend. Import volume continued to grow for third months in a row, and the year-on-year decline had narrowed to 1.9%, and gradually fell. At the same time, the import price and the growth rate of yarn fell further. The monthly import price was 3640 US dollars / ton, up 11.8%, all falling to the lowest point in the year. Fabric imports fell rapidly, and imports increased by only 1.8% during the month. The unit price of fabrics rebounded again in August and rebounded again, reaching 26.2% in that month. The import volume of clothing maintained a high speed growth of 60%, of which the import of knitted and woven garments increased by 13.2%, and the import price increased by 44.3%.

Cotton import price continues downward

In September, the import of cotton has changed significantly: since February this year, cotton imports have always shown negative growth. In September, the import volume has not only stopped, but the growth rate has reached 25.9%, an increase of 22%. At the same time, the import price fell from the high point in the two quarter to 2830 US dollars / ton, to the level at the beginning of the year, and the unit price increase also narrowed to 37.2%.

In September, the import of chemical fiber remained at a high level, and imports of 56 thousand tons in that month, an increase of 10.2% over the same period. Imports amounted to US $190 million, an increase of 33.2%. The unit price of imports continued to fall. The import price of that month was 3330 US dollars / ton, up 20.9% compared to the same period last year, and the ring ratio was slightly down 0.3%.